OPEN ECONOMY MICROECONOMICS CLASS 12 MACROECONOMICS
Open Economy Microeconomics Quiz
Test your knowledge of macroeconomic principles and the workings of an open economy with our engaging quiz. Designed for Class 12 students, this quiz covers a variety of topics related to foreign exchange, the balance of payments, and the impact of currency fluctuations.
Key Features:
- Multiple choice questions
- Instant feedback on your answers
- Comprehensive review of key concepts
BALANCE OF TRADE REFERS TO BALANCE OF EXPORTS AND IMPORTS OF:
VISIBLE ITEMS
INVISIBLE ITEMS
BOTH
NONE
IF THE PRICE OF 1 US$ HAS FALLEN FROM Rs56 to Rs52, THE INDIAN CURRENCY HAS:
DEPRECIATED
APPRECIATED
DEVALUED
NONE
THE EXCHANGE RATE DETERMINED BY THE FREE PLAY OF THE FORCES OF DEMAND AND SUPPLY OF FOREIGN EXCHANGE IS:
FLEXIBLE EXCHANGE RATE
FIXED EXCHANGE RATE
MANAGED FLOATING
NONE
OTHER THINGS REMAINING THE SAME, WHEN IN A COUNTRY THE MARKET PRICE OF FOREIGN CURRENCY FALLS, NATIONAL INCOME IS LIKELY:
TO RISE
TO FALL
TO RISE OR TO FALL
TO REMAIN UNAFFECTED
OTHER THINGS REMAINING THE SAME, WHEN FOREIGN CURRENCY BECOMES CHEAPER, THE EFFECT ON NATIONAL INCOME IS LIKELY TO BE:
POSITIVE
NEGATIVE
POSITIVE AND NEGATIVE BOTH
NO EFFECT
FOREIGN EXCHANGE TRANSACTIONS DEPENDENT ON OTHER FOREIGN EXCHANGE TRANSACTIONS ARE CALLED:
CURRENT ACCOUNT TRANSACTIONS
CAPITAL ACCOUNT TRANSACTIONS
AUTONOMOUS TRANSACTIONS
ACCOMODATING TRANSACTIONS
FOREIGN EXCHANGE TRANSACTIONS WHICH ARE INDEPENDENT OF OTHER TRANSACTIONS IN THE BALANCE OF PAYMENTS ACCOUNT ARE CALLED:
CURRENT TRANSACTIONS
CAPITAL TRANSACTIONS
AUTONOMOUS TRANSACTIONS
ACCOMMODATING TRANSACTIONS
BALANCE OF PAYMENTS 'DEFICIT' IS THE EXCESS OF:
CURRENT ACCOUNT PAYMENTS OVER CURRENT ACCOUNT RECEIPTS.
CAPITAL ACCOUNT PAYMENTS OVER CAPITAL ACCOUNT RECEIPTS
AUTONOMOUS PAYMENTS OVER AUTONOMOUS RECEIPTS
ACCOMODATING PAYMENTS OVER ACCOMMODSTING RECEIPTS.
A COMPANY LOCATED IN INDIA RECEIVES A LOAN FROM A COMPANY LOCATED ABROAD. HOW IS THIS TRANSACTION RECORDED IN INDIA'S BALANCE OF PAYMENTS ACCOUNT?
CREDIT SIDE OF CURRENT ACCOUNT
DEBIT SIDE OF CURRENT ACCOUNT
CREDIT SIDE OF CAPITAL ACCOUNT
DEBIT SIDE OF CAPITAL ACCOUNT
AN INDIAN COMPANY LOCATED IN INDIA INVESTS IN A COMPANY LOCATED ABROAD. THIS TRANSACTION IS ENTERED IN INDIA'S BALANCE OF PAYMENTS ACCOUNT ON:
CREDIT SIDE OF CURRENT ACCOUNT
DEBIT SIDE OF CURRENT ACCOUNT
CREDIT SIDE OF CAPITAL ACCOUNT
DEBIT SIDE OF CAPITAL ACCOUNT
UNILATERAL TRANSFERS ARE A PART OF:
CAPITAL ACCOUNT
CURRENT ACCOUNT
BALANCE OF TRADE ACCOUNT
BALANCE OF PAYMENT ACCOUNT AND CURRENT ACCOUNT
WHICH EXCHANGE RATE IS OFFICIALLY DECLARED BY THE GOVERNMENT?
MANAGED FLOATING RATE
FLOATING EXCHANGE RATE
FIXED EXCHANGE RATE
NONE
OTHER THINGS REMAINING UNCHANGED, WHEN IN A COUNTRY THE PRICE OF FOREIGN CURRENCY RISES, NATIONAL INCOME IS:
LIKELY TO RISE
LIKELY TO FALL
LIKELY TO RISE AND FALL BOTH
NOT AFFECTED
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